CMC#	Market Cap (USD)	Volume (24hr)	Circulating Supply	NVTS	Change (7d)	Change (24h)	Savings Per 1K
72	$60,054,300.00	$13,594,500.00	9,737,090,000 ZIL	64	15.75%	-5.23%	-$0.97

Background

Zilliqa competes with current smart contract processing platforms, such as Ethereum, NEO, and Stellar. The project takes a blend of approaches when targeting this niche, with some borrowed and some new concepts. The team’s primary motivation in building this product was to create a platform that could process smart contracts at scale without sacrificing core blockchain principles. Unlike many highly scalable smart contract processing platforms, like NEO or EOS, Zilliqa does not rely on delegated proof-of-stake (DPoS) for its transaction throughput. While DPoS potentially allows for massive scaling it also centralizes the network in a way that many deem to be unsafe. The key value proposition of Zilliqa is to create a network that is scalable and functional, while true to blockchain security principles. In order to achieve this the platform relies on sharding technology. The team is working on a number of dapps including a digital advertising application with global media agency Mindshare. The team is also actively engaging developers some of which have started developing applications on the testnet. In addition to its scalability, Zilliqa provides a secure and efficient smart contract layer to enable security-by-design smart contract programming and verification. The smart contract language developed by Zilliqa is called Scilla and is amenable to formal verification.

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